P&G cuts outlook, says sales slowing (AP)

Procter & Gamble Co. headquarters is shown, Thursday, Jan. 29, 2009, in Cincinnati. Consumer products maker Procter & Gamble Co. says profits jumped 53 percent in its second quarter, boosted by its sale of the Folgers coffee business. (AP Photo/Al Behrman)AP – Even Procter & Gamble Co., the world’s largest consumer products maker, is getting dragged down by the spreading recession that has households around the globe looking for ways to tighten their budgets.

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